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Thread: Has anyone bought Canada Savings Bonds?

  1. #1
    CaNewbie
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    Has anyone bought Canada Savings Bonds?

    I was thinking about purchasing savings bonds for both my kids but I don't know much about them.

    Thanks
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  2. #2
    CaNewbie Cader's Avatar
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    Nancy, the sale of CSBs were discontinued effective November 1, 2017. See link below

    https://www.csb.gc.ca/csb-program-an...tions-answers/
    ConnerDave98 likes this.

  3. #3
    Smart Canuck
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    Nancy, if you want to put money aside for your kids, one way to do that is to open an RESP, which they can use for post-secondary education. The government adds a certain % of your annual contribution to the RESP, up to a max amount. If you have more than one child, the same RESP account can be used for all of them. If one of the kids doesn't pursue a post-secondary education, the amount can be used for the other kids. If non of the kids goes to post-secondary, you get your contribution back, but not the government top up.
    ConnerDave98 likes this.

  4. #4
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    No doubt, RESP is the best program if you are planning to save money for your children.

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